New housing developments coming to the City of South Bend
SOUTH BEND, Ind – Three new developments are set to transform the area near Four Winds Field in the City of South Bend. First, the Diamond View Apartments will offer 60 affordable housing apartment homes, catering to tenants with incomes at 80% or less of the average median income. Ryan McMonagle, Chief Financial Officer at […]
Fixing the 4%
Written by: Jeff Ryan, Former VP of Development At every affordable housing conference, policy experts and lobbyists claim bipartisan support to fix the 4% credit. Finally, in 2020, Congress delivered on their pledge! For any development undertaking, we multiply the costs of construction and development other than land, reserves, and associated costs by a tax […]
Building better lives
H38 East Apartments – 3791 Winston Drive, Lafayette, IN 47905 When she moved into the H38 East Apartments on February 7, 2020, Carole’s only income was Social Security. Unemployed and struggling financially, Carole wanted to make a change in her life. RealAmerica partnered with Area IV to develop, build, and manage H38 East Apartments. At […]
Excellence in Affordable Housing Award
2020 Indiana Housing Conference — August 14, 2020 RealAmerica’s founder and president, Ronda Shrewsbury helps lead the annual Indiana Housing Conference, also serving as the president of the Indiana Housing Council. This year, the conference looked a little different due to public health guidelines, but more than 300 people still participated. Senator Todd Young spoke […]
Housing to be proud of in Brown County
Forest Hills — 184 Forest Hills Drive, Nashville, IN 47448 Hawthorne Hills — 111 Hawthorne Drive, Nashville, IN 47448 Seniors are drawn to Brown County, Indiana for its beautiful surroundings and thriving arts scene. When the town of Nashville, Indiana asked us to build a senior living facility, we jumped at the chance. Located close […]
Renovation in place
Overcoming obstacles without losing tenants
Gladstone Apartments completed
Gladstone Apartments411 S. Gladstone Avenue, Columbus, IN 47201 As Columbus, Indiana grew due to increasing manufacturing jobs and a strong employment rate, we saw a need for workforce housing so that families could live, learn, and play in the community where they work. To fill this need, we built 60 apartments, all of which are […]
A creative approach to affordable housing
There’s definitely a ripple effect when a community gets revitalized. In Shelbyville, we found an old, dilapidated school that had been abandoned. It was covered with graffiti, there were holes in the roof, and pigeons had nested throughout the building. We saw the potential in the structure and the neighborhood and rehabilitated the facility into […]